Wealthsimple Review
Co-Founder & CEO, HalalWallet
Reviewed quarterly and updated when provider terms, ratings, or coverage change.
Wealthsimple is in HalalWallet's independent directory with 1 product we currently list in Investing, using Index-based. We do not invent a contract structure when the listing does not name one. Confirm terms and Shariah documentation with Wealthsimple.
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HalalWallet is an independent, education-only comparison site. Some outbound links earn referral fees.Advertiser disclosure
Important: HalalWallet is not a lender, mortgage broker, loan originator, or settlement agent. We are an educational comparison site and do not originate applications on your behalf.
Items marked “Featured” may include paid placement in that module. Where you control sort order (tables, filters), your selection applies.
Referral fees typically come from the provider's marketing budget and should not increase what you pay - you should receive the same terms as visiting providers directly; confirm with the provider. How we make money · Methodology · Legal disclosures
HalalWallet 2026 Review
Wealthsimple - At a Glance
1
Products Reviewed
10
Provinces Served
1
Category
Shariah Compliance Review
Oversight Level
Third-Party Certified - externally verified for compliance
Wealthsimple offers halal investment portfolios but does not publicly disclose a Sharia advisory board, named scholar, or third-party certification at the company level.
Shariah compliance should always be verified directly with Wealthsimple. HalalWallet reports publicly available oversight information but does not issue fatwas or certify compliance.
Bottom Line
Review the products listed above and compare Wealthsimple with other providers. Confirm terms and Shariah documentation directly with Wealthsimple.
Products from Wealthsimple
Wealthsimple
Wealthsimple Shariah World Equity Index ETF
WSHR is the only Shariah-compliant ETF listed on a Canadian exchange (Cboe Canada). It tracks the Dow Jones Islamic Market Developed Markets Quality and Low Volatility Index - roughly 160 developed-market stocks screened by Ratings Intelligence Partners, weighted by risk rather than market cap so no holding exceeds about 1%. Trading in Canadian dollars (around $35 in early Aug 2026) means no currency conversion on purchase and no US dividend withholding tax inside a TFSA, FHSA, or RESP. Management fee is 0.50%; Mackenzie Investments manages the fund.
Opens provider site - no obligation
HalalWallet is an independent, education-only comparison site. Some outbound links earn referral fees.Advertiser disclosure
Important: HalalWallet is not a lender, mortgage broker, loan originator, or settlement agent. We are an educational comparison site and do not originate applications on your behalf.
Items marked “Featured” may include paid placement in that module. Where you control sort order (tables, filters), your selection applies.
Referral fees typically come from the provider's marketing budget and should not increase what you pay - you should receive the same terms as visiting providers directly; confirm with the provider. How we make money · Methodology · Legal disclosures
Halal verdicts for Wealthsimple's funds
Our AAOIFI-based Shariah screen - business activity, financial ratios, purification, and where scholars differ - for the specific funds Wealthsimple offers.
Where Available
Based on listings we track, Wealthsimple is listed in the following provinces:
Availability may vary by product type. Always verify current availability directly with Wealthsimple.
How We Compare
- • We review publicly available information from providers, including Shariah compliance documentation.
- • We compare financing structures, total costs, down payment requirements, and province availability.
- • We prioritize providers that clearly explain their halal compliance rationale and operate with transparency.
- • We note which products are available nationwide versus regionally.
- • Learn more about our methodology.
Wealthsimple is in HalalWallet's independent directory for Investing, with listings covering 10 provinces. Structures we list: Index-based. Confirm terms and Shariah documentation directly with Wealthsimple.
- Wealthsimple currently has 1 product in our listings (Investing).
- Coverage we list: 10 provinces.
- Contract structures we list: Index-based.
- Always verify compliance directly with Wealthsimple and consult qualified Islamic finance advisors when needed.
- Compare Wealthsimple with other providers on HalalWallet before you apply.
Source: HalalWallet (halalwallet.ca)
How to use this comparison: HalalWallet is an independent educational comparison platform - by design, we do not provide financial, legal, or religious advice. We do the research homework so your final checks are quick and personal.
Product structures and Shariah oversight vary by provider, so finish with three built-in steps:
- Confirm current terms and halal compliance directly with the provider - their quote is final.
- Review the contract structure (Murabaha, Ijara, Musharakah, etc.) and any disclosed Shariah board opinions.
- Bring your shortlist to a qualified Islamic finance advisor or scholar, so the conversation is about your situation, not the basics.
Sources and review process
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-09-01
How to cite this page
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For time-sensitive claims (rates, fees, province availability), please verify directly with the provider's official documentation and note the retrieval date.
Related Guides
Frequently Asked Questions
What types of halal products does Wealthsimple offer?
Wealthsimple has 1 product we currently list across 1 category. Structures we list: Index-based. Review the products listed above for current offerings. Confirm terms directly with Wealthsimple.
How does Wealthsimple ensure Shariah compliance?
Review Wealthsimple's publicly available Shariah compliance documentation, understand the product structures they use, and check for independent oversight or Shariah board involvement. Always verify compliance directly with Wealthsimple and consult with qualified Islamic finance advisors for guidance on specific products.
Is Wealthsimple available in my province?
Based on listings we track, Wealthsimple is listed in 10 provinces. Availability can vary by product type. Always verify current availability directly with Wealthsimple.
Are Wealthsimple's products more expensive than conventional options?
Halal financing structures can have different fee structures compared to conventional products. Some options may be competitive with conventional rates, while others may have different cost structures. Pricing varies by product type, location, and individual circumstances. Always compare total costs and terms when evaluating options.
How do I contact Wealthsimple?
Visit Wealthsimple at www.wealthsimple.com/en-ca/quote/neo/wshr, or use the product links on this page.
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